Read our monthly update on VFACTS new car sales results.
- Weekly Market Update 18th November 2024
- Weekly Market Update 11th November 2024
- Weekly Market Update 4th November 2024
- Weekly Market Update 28th October 2024
New Car Sales January 2021
- January 2021 saw a total figure of 79,666 new car sales for Australia as reported by VFACTS
- Figures show new car sales increased by 11% in January 2021 versus January 2020
- With COVID-19 cases being limited, it appears new car sales are returning to pre-COVID norms
- WA saw a strong increase in January 2021, up 1,638 units (+25%) compared to 2020
- Queensland also saw a strong increase, up 2,548 units (+18%)
New Car Sales Trends
The top 5 models with the greatest increases so far in 2021 are:
- MG ZS (+960 units)
- Isuzu Ute D-Max 4X4 (+943units)
- Toyota Hilux 4X4 (+794 units)
- Toyota RAV4 (+776 units)
- Toyota Landcruiser Wagon (+748 units)
The bottom 5 models with the greatest decreases so far in 2021 are:
- Volkswagen Golf (-1,089 units)
- Holden Colorado 4X4 (-1,068 units)
- Toyota Kluger (-715 units)
- Toyota Yaris (-496 units)
- Holden Trax (-474 units)
The top segment increases so far in 2021 compared to 2020 are:
- SUV Upper Large < $100K (+92%)
- Micro (+64 %)
- Vans/CC 2.5-3.5t (+63%)
- SUV Light (+61%)
- SUV Small < $40K (+31%)
Conversely, some of the largest decreases are:
- Large < $70K (-50%)
- Light Buses => 20 Seats (-48%)
- Upper Large > $100K (-43%)
- Sports > $200K (-25%)
- Sports > $80K (-21%)
Some other highlights so far:
- Toyota continues to dominate sales increase with the Toyota Hilux, Rav4, and Landcruiser all seeing substantial increases in January 2021 compared to 2020
- Passenger vehicles continue to see the largest declines in sales particularly in small and medium segments
- The rental market continues to shrink in 2021, with 442 less cars (-12%) selling in January 2021 to rental businesses
Sales by Import Country
- Sales of imported vehicles from Japan rebounded significantly in January 2021, seeing an increase of 6,686 units compared to January 2020
- Sales of imported vehicles from China continue to skyrocket in 2021 with an increase of 2,561 on January 2020
- Sales of imported vehicles from Germany and USA saw the largest declines so far, with Germany down 2,241 units and the US down 1,278 units. Both countries have been hit by production issues due to COVID outbreaks.
By Tanim Ahmed, Head of Product at Datium Insights
Tanim is a Macquarie University alumni with degrees in Finance and Economics. He has spent a decade in the Leasing and Finance industry, specializing in Residual Value risk.
Please contact Datium Insights for further analytical support and advisory services.
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VFACTS: New Car Sales Insights February 2021
